Gazprom Says Progress Made in EU Anti-trust Talks
Gazprom said on Friday that anti-trust talks with the European Competition Commissioner Margrethe Vestager had made progress. The Russian state-controlled company is fighting allegations of overcharging customers and blocking East European rivals in contravention of EU rules. It denies the allegations.
France Wins EU Nod for Renewable Energy Schemes
EU state aid regulators approved on Friday four French schemes that will allow the country to produce more than 7.5 gigawatts in energy from onshore wind and solar, saying the projects were in line with EU competition rules. France aims to produce 23 percent of its energy from renewable sources by 2020.
Gazprom, EU in Final Leg of Talks, Aiming for Oct Deal
Russian gas producer Gazprom may be able to resolve EU antitrust charges of abusing its market power in eastern Europe by the end of October as it enters the final phase of talks with regulators, a person familiar with the matter said on Friday. The Russian…
Gazprom Deputy CEO to Meet EU's Vestager
Gazprom Deputy Chief Executive Alexander Medvedev plans to meet European Competition Commissioner Margrethe Vestager after May 10, Interfax news agency reported, citing Medvedev, on Tuesday. Gazprom and the European Commission are moving towards a "mutually…
Statoil Goes Ahead with Arctic Field after Halving Costs
Norwegian oil major Statoil plans to develop its Arctic Johan Castberg oilfield after having cut costs by half, with a decision on investments in 2017, its chief executive said on Tuesday. Worried by high costs of operating in the remote Arctic Barents Sea…
Statoil: Development of Arctic Johan Castberg Field Unchanged
The development of the Arctic Johan Castberg field will not be affected by the decision by the Norwegian oil ministry to give up seeking permission from European competition authorities to provide state support to the project, Statoil said on Tuesday. "This…
Norway Gives up Seeking Subsidy Approval for Arctic Oil Terminal
Norway has given up seeking permission from European competition authorities to provide state support to energy firm Statoil to bring oil and gas onshore from its Arctic Johan Castberg find, the country's oil ministry said on Tuesday. Norway had wanted…
Gazprom, EU to Continue Settlement Talks
Gazprom and EU regulators pledged on Thursday to continue talks aimed at resolving antitrust charges levied against the Russian gas giant, suggesting the chances of a regulatory fine are receding. The Russian state-controlled company is fighting accusations…
GE Eyes Asset Sale to Ansaldo Energia in Alstom Deal
General Electric is discussing with Italy's Ansaldo Energia the sale of some gas assets in an effort to gain antitrust clearance for its purchase of French group Alstom's energy assets, two sources close to the matter said on Tuesday. The sources confirmed…
Siemens Wins EU Okay for Dresser-Rand Bid
German industrial group Siemens secured unconditional European Union regulatory approval on Monday for its proposed $7.6 billion bid for U.S. oilfield equipment maker Dresser-Rand. The European Commission said the deal, Siemens' largest ever takeover, would not hurt competition…
GE CEO to Meet EU Antitrust Chief Now Probing Alstom Bid
General Electric's chief executive, Jeff Immelt, will meet the EU's antitrust chief on Tuesday, a person familiar with the matter said on Monday, amid an ongoing investigation into the U.S. group's 12.4-billion-euro ($13.8 billion) bid for Alstom. Immelt…
EU Charges Gazprom of Price Gouging
European Union antitrust regulators charged Russian gas giant Gazprom on Wednesday with abusing its dominant position in Poland, Hungary and six other countries in Eastern Europe following more than two years of investigation. The European Commission said the state-controlled company…
Norway Mulls Support for Statoil Project
Norway will ask European competition authorities whether it can provide state support to energy firm Statoil to bring oil and gas to the shore from its Johan Castberg field in the Arctic, the oil minister said on Tuesday. Statoil initially favoured piping the oil to an onshore loading terminal…
Opposition Builds to UK Nuclear Project in EU Executive
A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to overturn approval from the top European regulator, EU sources said.
German Green Energy Law Clears Final Hurdle
Germany's upper house of parliament, the Bundesrat, approved on Friday revamped legislation on funding renewable energy, clearing the way for the law to come into force on Aug. The far-reaching law, which seeks to cap support payments for renewables without…
GE In Talks To Buy Alstom's Power Arm
U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder…
